Stock Market Update: BSE Sensex and Nifty50 Fall, Rupee Hits Lifetime Low

The Indian stock market experienced a sharp decline on Monday morning, with both benchmark indices, BSE Sensex and Nifty50, crashing in early trade. At 9:31 AM, BSE Sensex was down 652 points, or 0.84%, trading at 76,726.48. Meanwhile, Nifty50 was at 23,229.90, down 202 points, or 0.86%. The Indian rupee also tumbled, hitting a lifetime low of 86.27 against the US dollar, down by 23 paise in early trading.

Friday’s trading session had already been subdued, with rising crude oil prices and a stronger US dollar index weighing on market sentiment. Analysts suggest that the market could continue to consolidate, with investors watching closely for any developments related to US non-farm payroll data, which could impact global market trends.

Nagaraj Shetti, a market analyst, noted that a significant decline below the current support levels could lead to further downside, potentially bringing Nifty50 closer to the 23,260 mark. Immediate resistance is seen around 23,700.

US markets also saw a sharp downturn on Friday, with the S&P 500 erasing its 2025 gains. This was driven by strong employment data that raised concerns about inflation and reinforced expectations that the Federal Reserve may slow its pace of rate cuts.

As global economic factors continue to influence market behavior, investors are bracing for possible volatility in the coming weeks.

 Barcelona Clinches Supercopa de España with 5-2 Victory Over Real Madrid

Scorers: Mbappé 5', Rodrygo 60'; Yamal 22', Lewandowski (pen) 36', Raphinha 39' 48', Balde 45+10'
Sent off: Szczęsny

In a highly anticipated Supercopa de España clash at Jeddah’s King Abdullah Sports City Stadium, Barcelona stunned their rivals Real Madrid with a commanding 5-2 victory, securing their 15th Supercopa title.

The match started with a bang as French superstar Kylian Mbappé fired Real Madrid into an early lead just five minutes in, hinting at a potential Madrid dominance. However, Barcelona responded quickly, with young sensation Lamine Yamal leveling the score in the 22nd minute after a moment of individual brilliance.

The Catalans took control shortly after, with Robert Lewandowski converting a penalty in the 36th minute to give Barça the lead. Raphinha then doubled the advantage just three minutes later, making it 3-1. Alejandro Balde added a fourth in the 10th minute of added time, further distancing Barça from their rivals before the halftime break.

The second half saw Raphinha complete his brace, scoring a brilliant goal in the 48th minute after racing past the offside trap and weaving past Aurélien Tchouaméni before calmly finishing past Thibaut Courtois.

Real Madrid did pull one back through Rodrygo, who converted a penalty in the 60th minute after Wojciech Szczęsny was sent off. However, the Madrid comeback never materialized, and Barcelona's dominance remained unchallenged.

The win further cements Barcelona’s place in Supercopa history, extending their record haul of titles to an impressive 15.